Probabilistic resource planning with explicit reliability considerations

Feng Zhao, Eugene Litvinov, Matias Negrete-Pincetic, George Gross

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The main objective of power system planning is maintaining an adequate level of reliability. The reliability concept has two characteristics: resource adequacy and operational reliability. Traditionally these two characteristics are addressed separately through a sequence of probabilistic and deterministic analyses without a systematic view. This paper presents a resource planning problem that explicitly models the system reliability requirement as chance constraints. Using this formulation, we examine the existing resource planning process to reveal its underlying assumptions. Solution methodology for the problem is also explored. The proposed formulation provides an analytic foundation for designing new planning procedures in a competitive environment and paves the way to a fully probabilistic planning paradigm.

Original languageEnglish (US)
Title of host publication2010 IREP Symposium - Bulk Power System Dynamics and Control - VIII, IREP2010
DOIs
StatePublished - Oct 25 2010
Event2010 IREP Symposium - Bulk Power System Dynamics and Control - VIII, IREP2010 - Rio de Janeiro, Brazil
Duration: Aug 1 2010Aug 6 2010

Publication series

Name2010 IREP Symposium - Bulk Power System Dynamics and Control - VIII, IREP2010

Other

Other2010 IREP Symposium - Bulk Power System Dynamics and Control - VIII, IREP2010
CountryBrazil
CityRio de Janeiro
Period8/1/108/6/10

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Control and Systems Engineering

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